The latest reading on the Conference Board’s monthly LEI helps to provide some timely guidance regarding recent market volatility.

Last week, China altered its currency management strategy, resulting in a 3% devaluation of its currency, the yuan, versus the U.S. dollar. Despite reports suggesting otherwise, this is not the first time China has used its currency’s exchange rate as a policy tool.

Q2 GDP results to date suggest global growth in 2015 is accelerating versus 2014, despite some high-profile GDP misses and China concerns.

The declining labor force participation rate continues to receive attention from the media and the public, although largely ignored by the markets.

lthough some European countries have made progress with structural reforms, much more work is needed. The lack of progress on many structural reforms in countries outside of Germany continues to weigh on the Eurozone’s global competiveness.

The latest Beige Book suggests that the U.S. economy is still growing at or above its long-term trend, and that some upward wage pressures continue to emerge.